Tag Archives: Recession

The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction which is one definition of recession. Data released Thursday by the Federal Statistical Office shows Germany’s gross domestic product, or GDP, declined by 0.3% in the period from January to March. …

New orders at German factories have registered the biggest plummet since the covid-19 pandemic outbreak in 2020, according to the latest data which has raised fears that Europe’s biggest economy might slip into recession. Demand for new orders declined by 10.7% on a seasonally and calendar-adjusted basis in March 2023 …

The global economy is predicted to register slower growth this year, continuing the trend from last year, with the United States, also poised to mark a smaller pace of growth and several countries likely to see a “mild recession,” according to the United Nations. Global economic growth in 2023 is …

Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. An initial reading of the eurozone’s Purchasing Managers’ Index, which …

Some top US banks are preparing for an economic slowdown amid depressing forecasts of fourth-quarter profits, due to be released this week. “With most US economists forecasting either a recession or significant slowdown this year, banks will likely incorporate a more severe economic outlook,” wrote Morgan Stanley analysts, as cited …

The US has already slipped into a recession that could be as bad as the 2007-08 meltdown, according to new research that punctures holes in media reports about the booming stock market and low unemployment. David Blanchflower, a former member of the Bank of England Monetary Policy Committee, and Alex …

The National Bureau of Economic Research said in a report that the United States officially fell into a recession in February when the country began to feel the effects of the measures imposed to fight the novel coronavirus outbreak, reported Sputnik news agency. “The (Business Cycle Dating) committee has determined …